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  Academic Programs / Business & Management

Risk Management & Insurance

R. B. Drennan, Program Director
Alter Hall 628
215-204-8894
rob.drennan@temple.edu
http://sbm.temple.edu/dept/rihm

Temple University's program in Risk Management and Insurance (RMI) is nationally recognized. Located in the Department of Risk, Insurance, and Healthcare Management, the program prepares students to identify and evaluate various sources of risk, then select and implement solutions to control these risks through insurance and other mechanisms of risk transfer and distribution.

Graduates of this program often enter the risk management or employee benefit departments of large businesses and other organizations. They may also take challenging positions within insurance or benefit consulting firms, brokerage firms, agency operations, or insurance companies.

Risk management and insurance majors are strongly encouraged to become active in the Sigma chapter of Gamma Iota Sigma, Temple's national award-winning professional student organization in Risk Management, Insurance, and Actuarial Science. The organization hosts numerous guest speakers from the industry, sponsors a variety of career development seminars, and maintains a widely-distributed résumé book. For more information, please contact the GIS President, at 215-204-9368 or visit the web site at www.sigmachapter.org

 

Major Tracks within Risk Management & Insurance

Students in the Risk Management & Insurance major may select from one of three tracks depending on their interests. These include:

  • Employee Benefit Management
  • Healthcare Risk Management
  • Property-Liability/Corporate Risk Management

 

Summary of Requirements

University Requirements

All students starting in the 2012-2013 academic year and beyond are required to complete the university's General Education (GenEd) curriculum.

Note that students not continuously enrolled who have not been approved for a Leave of Absence or study elsewhere must follow University requirements current at the time of re-enrollment.

College Requirements

Students must meet College Graduation requirements, including the requirements of the major listed below. Students pursuing any of the Risk Management and Insurance major/tracks must attain a 2.0 cumulative GPA and 2.0 in the major/track to graduate with the Risk Management major. Use the major GPA calculator at www.fox.temple.edu/advising to calculate the GPA in the major.

Major Requirements

Students must follow the Major Requirements and College Requirements current at the time of declaration. Students not continuously enrolled who have not been approved for a Leave of Absence or study elsewhere must follow University, College, and Major requirements current at the time of re-enrollment.

Employee Benefits track

Healthcare Risk Management track

Property-Liability/Corporate Risk Management track

 

Suggested Sequences

Employee Benefits track

Healthcare Risk Management track

Property-Liability/Corporate Risk Management track

 

Requirements of Employee Benefits Track

 

Subject Course # Course Title Hours Attribute
RMI 3501 Life & Health Insurance & Employee Benefits   3  
RMI 3502 Property & Liability Insurance Coverages 3  
RMI 3503 Retirement Plans 3  
RMI 4596* Advanced Topics in Health & Welfare Employee Benefits   3 WI
Select one:     3  
RMI 3504 Property & Liability Insurance Functions       
RMI 3505 Actuarial Applications in Risk Management & Insurance    
RMI 4597 Global Corporate Risk Management   WI
HCM 4596** Healthcare Quality & Risk Management   WI
Subtotal     15  
* This major capstone is taken in the final fall semester and all prerequisites must be met.
** Completion of prerequisites of HCM 3501 and 3502 required. This course is offered only in fall.
HCM 3501 and 3502 can replace two of your free electives below (6 credits).

 

Suggested Sequence of the Employee Benefits Track

Please note that this sequence is suggested only, ensuring prerequisites are met. Students' academic sequences may differ based on individual academic plans.

 

Semester I - Fall
Subject Course # Course Title Hours Attribute
Statistics 1001 Pre-Calculus for Business 3  
English 0802, 0812 or 0902 Analytical Reading & Writing 4 GW
Economics 1101 Macroeconomic Principles 3  
HRM 1101 Leadership & Organizational Management 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     16  
 
Semester II - Spring
Subject Course # Course Title Hours Attribute
IH 0851 or 0951 Mosaic: Humanities Seminar I 3 GY
Statistics 1102 Calculus for Business 3  
Economics 1102 Microeconomic Principles 3  
Legal Studies 1101 Legal Environment of Business 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     15  
 
Semester III - Fall
Subject Course # Course Title Hours Attribute
IH 0852 or 0952 Mosaic: Humanities Seminar II 3 GZ
MIS 2101 Information Systems in Organizations 3  
Statistics 2103 Business Statistics {waives GenEd GQ requirement} 4  
Accounting 2101 Financial Accounting 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     16  
 
Semester IV - Spring
Subject Course # Course Title Hours Attribute
Accounting 2102 Managerial Accounting 3  
BA 2101 Professional Development Strategies 1  
BA 2196 Business Communications 3 WI
Marketing 2101 Marketing Management 3  
RMI 2101 Introduction to Risk Management 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     16  
 
Semester V - Fall
Subject Course # Course Title Hours Attribute
Finance 3101 Financial Management 3  
MSOM 3101 Operations Management 3  
RMI 3501 Life & Health Insurance & Employee Benefits 3  
RMI 3502 Property & Liability Insurance Coverages 3  
BA 3102 Business Society & Ethics 3  
Subtotal     15  
 
Semester VI - Spring
Subject Course # Course Title Hours Attribute
BA 3103 Integrative Business Applications 3  
Free Elective     3  
RMI 3567 International Risk Management 3  
RMI 3503 Retirement Plans 3  
Free Elective     3  
Subtotal     15  
 
Semester VII - Fall
Subject Course # Course Title Hours Attribute
RMI 4596* Advanced Topics in Health & Welfare Employee Benefits 3 WI
Select one of the following:      
RMI
RMI
RMI
HCM
3504
3505
4597
4596**
Property & Liability Insurance Functions
Actuarial Applications in Risk Management & Insurance
Global Corporate Risk Management
Healthcare Quality & Risk Management
3

WI
WI
Free Elective     3  
Free Elective     4  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     16  
 
Semester VIII - Spring
Subject Course # Course Title Hours Attribute
BA 4101 Global Business Policies 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Free Elective     3  
Free Elective     3  
Subtotal     15  
* This course is offered only in the fall semester.
** This course is offered only in the fall semester and has prerequisites of HCM 3501 and 3502.
Students who want to take this option as an elective should plan to take HCM 3501 in Semester 5 (switching
BA 3102 to semester 6 to replace a free elective), HCM 3502 in Semester 6 and HCM 4596 in Semester 7. 
HCM 3501 and HCM 3502 can be used to replace free electives.
 
Total credits for the B.B.A. in Risk Management & Insurance/
Employee Benefits Track:
124  

 

 


 

Requirements of Healthcare Risk Management Track

 

Subject Course # Course Title Hours Attribute
RMI 3501 Life & Health Insurance & Employee Benefits 3  
RMI 3502 Property & Liability Insurance Coverages 3  
HCM 3501 Introduction to the Health Services System 3  
HCM 3502 Healthcare Financing & Information Technology   3  
Economics 3507 Health Economics 3  
HCM 4596* Healthcare Quality & Risk Management 3 WI
Subtotal     18  
* This major capstone is offered only in fall semester and and has prerequisites of HCM 3501 and 3502.

 

Suggested Sequence of the Healthcare Risk Management Track

Please note that this sequence is suggested only, ensuring prerequisites are met. Students' academic sequences may differ based on individual academic plans.

 

Semester I - Fall
Subject Course # Course Title Hours Attribute
Statistics 1001 Pre-Calculus for Business 3  
English 0802, 0812 or 0902 Analytical Reading & Writing 4 GW
Economics 1101 Macroeconomic Principles 3  
HRM 1101 Leadership & Organizational Management 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     16  
 
Semester II - Spring
Subject Course # Course Title Hours Attribute
IH 0851 or 0951 Mosaic: Humanities Seminar I 3 GY
Statistics 1102 Calculus for Business 3  
Economics 1102 Microeconomic Principles 3  
Legal Studies 1101 Legal Environment of Business 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     15  
 
Semester III - Fall
Subject Course # Course Title Hours Attribute
IH 0852 or 0952 Mosaic: Humanities Seminar II 3 GZ
MIS 2101 Information Systems in Organizations 3  
Statistics 2103 Business Statistics {waives GenEd GQ requirement} 4  
Accounting 2101 Financial Accounting 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     16  
 
Semester IV - Spring
Subject Course # Course Title Hours Attribute
Accounting 2102 Managerial Accounting 3  
BA 2101 Professional Development Strategies 1  
BA 2196 Business Communications 3 WI
Marketing 2101 Marketing Management 3  
RMI 2101 Introduction to Risk Management 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     16  
 
Semester V - Fall
Subject Course # Course Title Hours Attribute
Finance 3101 Financial Management 3  
MSOM 3101 Operations Management 3  
RMI 3501 Life & Health Insurance & Employee Benefits 3  
RMI 3502 Property & Liability Insurance Coverages 3  
HCM 3501 Introduction to the Health Services System 3  
Subtotal     15  
 
Semester VI - Spring
Subject Course # Course Title Hours Attribute
BA 3103 Integrative Business Applications 3  
BA 3102 Business Society & Ethics 3  
RMI 3567 International Risk Management 3  
HCM 3502 Healthcare Financing & Information Technology 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     15  
 
Semester VII - Fall
Subject Course # Course Title Hours Attribute
BA 4101 Global Business Policies 3  
HCM 4596* Healthcare Quality & Risk Management 3 WI
Free Elective     4  
GenEd 08xx or 09xx GenEd Breadth Course 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     16  
 
Semester VIII - Spring
Subject Course # Course Title Hours Attribute
Economics 3507 Health Economics 3  
Free Elective     3  
Free Elective     3  
Free Elective     3  
Free Elective     3  
Subtotal     15  
*This course is offered only in the fall and has prerequisites of HCM 3501 and 3502. Students should
plan to take HCM 3501 in Semester 5, HCM 3502 in Semester 6 and HCM 4596 in Semester 7.
 
Total credits for the B.B.A. in Risk Management & Insurance/
Healthcare Risk Management Track:
124  

 

 


 

Requirements of Property-Liability/Corporate Risk Management Track

 

Subject Course # Course Title Hours Attribute
RMI 3501 Life & Health Insurance & Employee Benefits   3  
RMI 3502 Property & Liability Insurance Coverages 3  
RMI 3504 Property & Liability Insurance Functions   3  
RMI 4597* Global Corporate Risk Management 3 WI
Select one:     3  
RMI 3503 Retirement Plans    
RMI 3505 Actuarial Applications in Risk Management & Insurance    
Subtotal     15  
* This major capstone is taken in the final semester and all prerequisites must be met.

 

Suggested Sequence of the Property-Liability/Corporate Risk Management Track

Please note that this sequence is suggested only, ensuring prerequisites are met. Students' academic sequences may differ based on individual academic plans.

 

Semester I - Fall
Subject Course # Course Title Hours Attribute
Statistics 1001 Pre-Calculus for Business 3  
English 0802, 0812 or 0902 Analytical Reading & Writing 4 GW
Economics 1101 Macroeconomic Principles 3  
HRM 1101 Leadership & Organizational Management 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     16  
 
Semester II - Spring
Subject Course # Course Title Hours Attribute
IH 0851 or 0951 Mosaic: Humanities Seminar I 3 GY
Statistics 1102 Calculus for Business 3  
Economics 1102 Microeconomic Principles 3  
Legal Studies 1101 Legal Environment of Business 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     15  
 
Semester III - Fall
Subject Course # Course Title Hours Attribute
IH 0852 or 0952 Mosaic: Humanities Seminar II 3 GZ
MIS 2101 Information Systems in Organizations 3  
Statistics 2103 Business Statistics {waives GenEd GQ requirement} 4  
Accounting 2101 Financial Accounting 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     16  
 
Semester IV - Spring
Subject Course # Course Title Hours Attribute
Accounting 2102 Managerial Accounting 3  
BA 2101 Professional Development Strategies 1  
BA 2196 Business Communications 3 WI
Marketing 2101 Marketing Management 3  
RMI 2101 Introduction to Risk Management 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     16  
 
Semester V - Fall
Subject Course # Course Title Hours Attribute
Finance 3101 Financial Management 3  
MSOM 3101 Operations Management 3  
RMI 3501 Life & Health Insurance & Employee Benefits   3  
RMI 3502 Property & Liability Insurance Coverages 3  
BA 3102 Business Society & Ethics 3  
Subtotal     15  
 
Semester VI - Spring
Subject Course # Course Title Hours Attribute
BA 3103 Integrative Business Applications 3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
RMI 3567 International Risk Management 3  
RMI 3504 Property & Liability Insurance Functions   3  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     15  
 
Semester VII - Fall
Subject Course # Course Title Hours Attribute
BA 4101 Global Business Policies 3  
RMI 3503
  or
3505
Retirement Plans
     or
Actuarial Applications in Risk Management & Insurance
3  
Free Elective     3  
Free Elective     4  
GenEd 08xx or 09xx GenEd Breadth Course 3  
Subtotal     16  
 
Semester VIII - Spring
Subject Course # Course Title Hours Attribute
RMI 4597 Global Corporate Risk Management 3 WI
Free Elective     3  
Free Elective     3  
Free Elective     3  
Free Elective     3  
Subtotal     15  
 
Total credits for the B.B.A. in Risk Management & Insurance/
Property-Liability/Corporate Risk Management Track:
124  

 

 


 

RMI & HRM Focus

The Risk Management Insurance (RMI) Department and Human Resource Management (HRM) Department offer several complimentary courses for students interested in a career in employee benefits and/or human resource management. These courses allow students to broaden their career options by taking advantage of the cross-training offered by these departments.

  • HRM major with a RMI focus: Students take RMI 3501 (Life & Health Insurance & Employee Benefits) and RMI 3503 (Retirement Plans).
  • RMI major with a HRM focus: Students take HRM 2501 (Introduction to Human Resource Management) and HRM 3511 (Compensation Management).
  • Dual HRM/RMI major: Students fulfill all requirements for both majors.

For more information on joint HRM/RMI courses, contact Rob Drennan at 215-204-8894.


 

Minor

Students in any college who are interested in the health professions and want enhance their skills by understanding the business principles underlying healthcare systems should consider a minor in Healthcare Management. Risk Management majors who complete the Healthcare track are not eligible for the minor. Courses cannot be used to meet minor requirements if already used to meet the requirements for a major or a different minor.

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